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Bank Stock Roundup: JPM, WFC, C, PNC Kickstart Q1 Earnings With Optimism

Bank Stock Roundup: JPM, WFC, C, PNC Kickstart Q1 Earnings With Optimism

Over the last five trading days, Q1 earnings season commenced with a bang for the banking stocks. Earnings reports from some mega banks reflect easing margin pressure and continued expense management. Moreover, banks reported a rise in trading income as heightened uncertainty related to potential policy changes led to a significant rise in client activity. […]
Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

European stocks slide as traders returned from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8, in a move […]
5 Reasons Why The UK Elections Should Be Pound Positive

5 Reasons Why The UK Elections Should Be Pound Positive

UK Prime Minister Theresa May surprised the world and announced a snap election on June 8th. With Labour’s consent, the elections will indeed be held on June 8th. May made a calculated gamble to head to the polls. She is aware of her high popularity and is likely to win. GBP/USD is already on the rise, topping 1.2665. Here are […]
May Announces UK Elections On June 8th – GBP/USD Recovers

May Announces UK Elections On June 8th – GBP/USD Recovers

An end to the rumors that weighed on the pound: Theresa May met the press and announced general elections for June 8th. The press conference was announced only two hours in advance and was accompanied by many rumors. Theresa May seeks a new mandate to pursue Brexit. Brexit negotiations would have been hampered by a later […]
US Dollar Consolidates Yesterday’s Gains

US Dollar Consolidates Yesterday’s Gains

The US dollar is consolidating the gains scored late in the US session yesterday in response to a Financial Times interview with US Treasury Secretary Mnuchin who seemed to play down the strategic importance of Trump’s recent complaint about the greenback’s strength.   Mnuchin spun Trump’s comments to be consistent with his own earlier comments that a strong […]
McDonald’s To Have Mobile Ordering At All U.S. Restaurants By Year’s End

McDonald’s To Have Mobile Ordering At All U.S. Restaurants By Year’s End

On Monday, McDonald’s (MCD) announced that it will be the first fast food chain to have mobile ordering at all U.S. restaurants by the end of the year. Many competitors are also on the move with their own systems, but will be behind schedule. The drive to improve speedy service may ultimately translate to an […]
Theresa May Calls For Snap UK General Election On June 8

Theresa May Calls For Snap UK General Election On June 8

In a stunning development, Theresa May announced she would seek an early general election for Britain on June 8 to obtain a direct mandate to take the country through the Brexit divorce with the EU. The decision, which comes just three weeks after the prime minister began the formal Brexit process, has shocked British politicians […]
Mortgage Delinquency Rates Increase & 3x ETFs

Mortgage Delinquency Rates Increase & 3x ETFs

Delinquency rates in Single Family Residential Mortgages and other Consumer Loans began to climb through the later half of 2016 and early 2017. The timing of this delinquency rate increase coincided almost identically with the Fed increases in their Funds Rate. Additionally, commercial loan origination stalled for the first time since 2008-2011 (prior to that […]
Indicating Market Fear? Keeping Perspective On The Surging Interest In World War III

Indicating Market Fear? Keeping Perspective On The Surging Interest In World War III

On April 17, 2017 volatility expert Steven Sears wrote an article in Barron’s called “Profiting From the Stock Market’s Latest Fears.” In this piece, Sears recommends that long-term investors take advantage of rising market anxieties by selling put options. The most nervous investors can cope by “…stockpiling cash and buying some bullish call options to […]
GBP/USD Tumbles As May Calls Special Press Conference

GBP/USD Tumbles As May Calls Special Press Conference

UK Prime Minister Theresa May called a special press conference at 10:15 GMT. This is totally unscheduled and according to rumors, she might call snap elections to parliament, taking advantage of Labour’s disarray. Various opinion polls put May’s Conservatives with over 40% support and Labour under 30%. However, she previously ruled out bringing forward the elections from 2020. Elections […]